• Kenyan middleweights join forces to take on the big boys

    Having acquired a majority stake in Tumaini Self Service Ltd. earlier this year, Sokoni Retail Kenya, which is controlled by private equity firm Adenia Partners, has now finalised a deal to take a majority stake in rival supermarket chain Quickmart from its founding family. The new entity will be called Quickmart, and all Tumaini stores

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya

  • Tumaini to open two new stores in Nairobi

    Tumaini Self Service Limited is set to open two new supermarkets in Nairobi this week, which will bring its total number of stores to 12, with eight of these in Nairobi. Private equity firm Adenia Partners acquired a controlling interest in Tumaini late last year (see our previous story). The new stores will be located

    Categories: SagaRetail News - Retail & Shopping Malls

  • The quickening pace of retail modernisation in Kenya

    Family-owned Quickmart opened its tenth outlet (and the first to open 24 hours a day) in Valley Arcade in the affluent Nairobi suburb of Lavington during January. “This area is populated by high-income shoppers who require the flexibility of shopping at any time,” Betty Wamaitha, head of marketing at Quickmart, told local media. The store

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya